Guideline Value for Avvaiyar Street

Avvaiyar Street guideline value

The current guideline value of Avvaiyar Street in Agaramthen village is Rs 550 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Avvaiyar Street has changed

Looking at the historical guideline values, Avvaiyar Street has seen several revisions. The 2012 revision set the value at Rs 500 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 335 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 500 per sq.ft, and the latest revision in 2024 has raised it further to Rs 550 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for Avvaiyar Street. Overall, from 2012 to 2024, the guideline value has increased by 10% despite the fluctuations observed in the intervening years.

Guideline values in Agaramthen

Agaramthen village has a total of 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value in this village is Rs 830 per sq.ft, making Avvaiyar Street's current value of Rs 550 per sq.ft below the median.

• Avni: Rs 2,970 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Bharathidasan Street: Rs 550 per sq.ft (2024)
• Anna Main Road: Rs 550 per sq.ft (2024)
• Annai Sathiya Nagar 3rd Main Road: Rs 830 per sq.ft (2024)
• Annai Sathiya Nagar 2nd Main Road: Rs 830 per sq.ft (2024)

Stamp duty and registration fee for property in Avvaiyar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 550 per sq.ft, the total guideline value amounts to Rs 5,50,000. The stamp duty at 7% would be Rs 38,500, and the registration fee at 2% would be Rs 11,000, leading to a total cost of Rs 49,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Avvaiyar Street?

The Sub Registrar Office that covers Avvaiyar Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Agaramthen

The guideline value is a crucial factor in the registration of property transactions in Agaramthen. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, helping to maintain transparency in the real estate market. It is essential for both buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Avvaiyar Street?

The current guideline value of Avvaiyar Street is Rs 550 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2012 to Rs 335 per sq.ft in 2017, then increased to Rs 500 per sq.ft in 2023, and finally to Rs 550 per sq.ft in 2024.

What is the land classification for Avvaiyar Street?

Avvaiyar Street is classified as Residential Class I Type - III.

What are the stamp duty and registration fees for property in Avvaiyar Street?

For a property valued at Rs 5,50,000, the stamp duty is Rs 38,500 and the registration fee is Rs 11,000, totaling Rs 49,500.

Which office handles registrations for Avvaiyar Street?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Avvaiyar Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.